At This Rate Grayscale Will Own 3.4% of All Bitcoin by January

Cointelegraph

Published Jun 25, 2020 10:35PM ET

Updated Jun 26, 2020 12:20AM ET

Grayscale Investments has purchased almost half a billion dollars in Bitcoin since the May block reward halving, and this week bought BTC around three times faster than miners could produce blocks.

According to a June 25 tweet from crypto analyst Kevin Rooke, the investment firm bought 19,879 Bitcoin (BTC) — $184 million worth — in the last week for its Bitcoin Trust, bringing its total number of coins to roughly 400,000.

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